lol you have no clue what you are talking about. did you just make that up and decide to run with it? it's not g8... the trading platform we have is gr8trade. it's just like any other trading platform. let's see here are my "auto-scalp" big free money winnarzzz today. long 5000 etn 85.25 on the open ...made 3/4s long 10000 nly from bernanke midday made 28 cents long 2400 itg around 42 made about a point...i chumped it bad short 3400 21 avg ths on the block trade at 20.50...made almost 40 cents flipped 6000 spy on the bernanke for 16 cents long 1000 axp (missed my fill on the other 2000 at the bottom where the big bid was at cause i am slow) made 80 cents long 900 cnh made 60 cents flipped 2000 iyr off bernanke for a dime...got back long 2000 at 60 and i am still long long 2000 gnk sold 1000 for 85 cents still long 1000 from 41.10 i am also still long 2000 dia from 127.70 my biggest loser today was tcn that i tried to hold since it was the only brazil telecom that didn't run at the close like the others. so i tried to hold it...lost 20 cents on 1000 lost a nickel on 2000 hun flatted 2000 mw flatted 2000 ttm bernanke speech time
there are med/law students who have gone to all the classes, but don't graduate. Same thing. "Learning without thought is labor lost; thought without learning is perilous."
you have a comprehension problem. I am referring to daytrading as a job, no different from doctors or lawyers. You are referring to the learning process to become a daytrader. Apples and oranges.
http://www.newsobserver.com/104/story/517014.html http://money.cnn.com/magazines/moneymag/moneymag_archive/1993/10/01/88323/index.htm or just look it up.... 10 cents on the dollar is not that far from any of the stats you may find. $1/day, $365/year, 100% goes to the needy, that is equivalent of donating $3650/year to some rip-off charity. it's not cheap, it's effective.
Most of these stocks are very thinly traded. Although you claim last quarter you have 53% win rate. But the win is only 25c and the loss is -12c on avg per contract. a stop order can easily cost 5ticks spread or even more on these stocks. I think you have to try very hard to exit on limit order for the losing trades. Maybe stop orders are never used. If your machine is not "auto-scalping" over there, I think you still need it to generate good picks (easy to scalp) during the day.
What I find interesting is that your wednesdays lag significantly behind the other days of the week. What's the reason for this? Do you get hammered every tuesday night ?
I don't understand. Sure day trading is a job, that i get. But, you can make as much or more using much longer time frames and much less work. Why do you want to work so much, when you don't have to? For example, I look at my computer for trading purposes for 30-40 min per day; in fact my entire trading day could be completed in 60 min. I use one monitor to place orders on my brokers platform and software to help make decisions. I spend the next 23:20 doing whatever the fk i want. QED Last year I tripled my account, and thats comparable with previous years (same capital at the start of every year). All power to those who want to live infront of 4 LCD's and track every tick, but i have more important things to do.